ShootSpeeders
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- May 13, 2012
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It's a tax all right but you don't have to pay it if you're a member of one of the 1500 corporations or religious groups or indian tribes that obozo gave exemptions to.
It?s Not an Obamacare Tax: It?s an ?Individual Shared Responsibility Payment? - Michael Schaus - Townhall Finance Conservative Columnists and Financial Commentary - Page 1
Mar 09, 2014
Heres your Orwellian Phrase for the Week: Individual shared responsibility payment. Yeah Go ahead and try to wrap your brain around that amalgamation of contradictory concepts. The phrase is not gleamed from some glossy DNC spin-office, or a Harvard professors latest psychobabble posing as an academic paper. Apparently the phrase is the IRSs fancy (new) term for the Obamacare Mandate tax that individuals will have to pay if they fail to get health insurance this year.
As reported by Americans for Tax Reform:
If you (or any of your dependents) do not maintain coverage and do not qualify for an exemption, you will need to make an individual shared responsibility payment with your return.
So What exactly is this individual shared responsibility payment? Is it a claim by the Internal Revenue Service to a dollar amount, or portion of an individuals income, that must be paid upon failing to comply with various tax-related requirements?... Because that sounds an awful lot like a tax. (But, I guess you can only call it a tax if you are a government lawyer defending Obamacare in Federal Court.)